Delo Group of Companies buys a blocking stake in KSK from Cargill – Kommersant

Delo Group of Companies is buying out 25% plus one share of the KSK grain terminal in Novorossiysk from the trader Cargill. As Sergei Shishkarev, Chairman of the Board of Directors of Delo Group of Companies, said on the sidelines of the EEF, all negotiations have been held, all documents have been agreed upon and are in the government commission on foreign investment. He estimated the time frame for completing the consideration of the application to be no more than a month.

In 2013, Delo sold a blocking stake in KSK Cargill, one of the terminal’s main clients, which accounted for approximately 20% of its cargo turnover. After the outbreak of hostilities in Ukraine, global grain traders gradually began to curtail their business in Russia, and in the current agricultural season they completely stopped grain exports from the country (see “Kommersant” dated March 29). In addition to the stake in KSK, the trader owns an enterprise for the production of feed ingredients and products from starch and molasses. Earlier, Uralchem ​​reported interest in the assets of Cargill, as well as another global trader Viterra (see “Kommersant” dated December 8, 2022).

Natalya Skorlygina